Eurozone boosted by Norwegian sovereign fund

Eurozone bond markets were given a significant lift after one of the world’s biggest investors stepped up purchases in the second quarter of debt of the troubled peripheral economies of Greece, Portugal and Ireland.

The move by Norway’s sovereign wealth fund on the 9 September 2010, the second-biggest in the world with $450bn of assets under management, is a welcome sign for the eurozone markets after a volatile week.

Norway: Ministry of Finance: Selected topics: The Government Pension Fund http://www.regjeringen.no/en/dep/fin/Selected-topics/the-government-pension-fund.html

---